2011 Session

Budget Amendments - HB1500 (Conference Report)

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BRAC Funding

Item 96 #1c

Item 96 #1c

First Year - FY2011 Second Year - FY2012
Commerce And Trade
Economic Development Incentive Payments FY2011 $0 FY2012 ($7,500,000) GF

Page 76, line 3, strike "$76,650,384" and insert "$69,150,384".
Page 78, line 1, strike "and $7,500,000 in the".
Page 79, line 2, strike "second year".

(This amendment removes a proposal included in House Bill 1500 as introduced which would provide an additional $7.5 million in the fiscal year 2012 to purchase properties in Virginia Beach to limit encroachment on the Oceana Master Jet Base. The City of Virginia Beach has $12.4 million for such purchases in the current biennium. If all pending offers of sale were agreed to, $10.0 million would remain available for additional land purchases.)